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Shell workers evacuated from Nigerian oil field after threat

Shell workers at an oil field in the southern Niger Delta are being evacuated after a threat from militants, according to Reuters.

Workers at the Bonga field were evacuated after local media reported a threat from militants in the area.

The oil rich region has been marred by violence in recent weeks and months. Just last week, militants attacked a field operated by Chevron. In March, a pipeline operated by the Italian firm Eni was blown up by suspected militants.

Tensions have been mounting in the poverty stricken region for months, and came to a head shortly after the Nigerian authorities issued an arrest warrant for militant leader in January.

Delta residents are demanding a greater share of their regions oil wealth. Oil sales account for around 70% of national income in Nigeria.

A group known as the Niger Delta Avengers have claimed responsibility for the Chevron attack.

Nigeria’s Vice President Yemi Osinbajo met with oil exectives from Shell, Chevron and Total last night to discuss the unrest in the Delta.

Total moves to buy battery maker as big oil increases investment in renewables

Total has agreed to buy French battery maker Saft Group in a $1.1billion deal. The move is the latest sign that big oil companies are putting their money on renewables.

Chief executive Patrick Pouyanne said Saft would become Total’s “spearhead in electricity storage”.

The French energy giant bought solar panel company SunPower corp in 2011, and has pledged to invest $500m a year in renewables.

Total are not alone in investing in cleaner energy. Norwegian firm Statoil and Shell have both put money in wind energy in recent months, while France’s Engie SA has put money into solar. According to Bloomberg, even Saudi Arabia is considering increasing investment in solar energy, as the country shifts away from oil.

In Quartz, Cassie Webber writes that the Paris agreement, together with pressure from investors to mitigate climate change and the low oil price have pushed big oil toward renewables.

“If you think about it,” writes Webber. “Fossil fuel companies moving into renewables makes a lot of sense.”

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